"First, Microsoft had its biggest layoffs in the company's
history. Yes, Microsoft still makes billions, but, for the first
time ever, Microsoft is staggering.
"It's actually worse than it first appears. The headlines talk
about 5.000 jobs lost. They don't point out that Microsoft is also
cutting up to up to 15% of its temporary and contract workers. Over
the last few years, those are the people who actually do a lot of
Microsoft's day-in/day-out work. People who insist that everything
is the same as ever with Microsoft have been missing that Microsoft
has actually done worse than the general economy. Microsoft stock
is worth about half of what it was last year at this time."
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